 Nigeria has officially raised $1.25 billion through the insurance of seven years' euro bounce in the international capital market, ICM, the Director-General of the Debt Management Office, DMO, Patience O'Hina Onihara, in a statement said that with the feat, Nigeria has become the first African country to access the ICM in 2022. According to Hara, the country's ability to access the euro bounce at this time was confirmation of Hara's established presence with the ICM and its engagement with investors on a continuous basis and that the proceeds of the bounce would be used to finance the budget and bridge infrastructural deficits.